News and Press Releases

Kawasaki Kisen Kaisha, Ltd. ("K" Line) and "K" Line Pte Ltd. (KLPL), have
signed the ship building contracts for three next generation VLCCs and two AFRAMAX tankers in line with
their fleet upgrading plan under the newly-reformed Medium-Term Management Plan,
"
Value for our Next Century - Action for Future -".

Orders for two VLCCs were placed by "K" Line with Kawasaki Heavy Industries, Ltd. (KHI)
which will deliver them in 2017 and 2018, respectively, and order for one VLCC with Namura
Shipbuilding Co., Ltd. which will be delivered in 2018, whereas orders for two AFRAMAX tankers were
placed by KLPL with Namura Shipbuilding Co., Ltd., which will deliver them in 2018 and 2019,
respectively.

These VLCCs and AFRAMAX tankers are designed to comply with all existing regulations as well as
forthcoming rules such as the International Convention for the Control and Management of Ship's
Ballast Water and Sediments.

Main Particulars of VLCCs

Shipyard

Nantong Cosco KHI Ship Engineering Co., Ltd.

Namura Shipbuilding Co., Ltd. Imari Shipyard

Delivery

2017, 2018

2018

LOA

339.5m

338.9m

Beam

60.0m

60.0m

DWT

311,360MT

310,300MT

Tank Capacity

348,500m3

351,500m3

Main Particulars of AFRAMAX tankers

Shipyard

Sasebo Heavy Industries Co., Ltd.

Delivery

2018, 2019

LOA

243.8m

Beam

42.0m

DWT

113,000MT

Tank Capacity

125,400m3

With these five new ships, "K" Line and KLPL will continue to provide
reliable and stable service to our valued customers with the highest standard of safety.